Lazard Global Total Return and Income Fund: Monthly Distribution and Distribution Sources

Lazard Global Total Return and Income Fund, Inc. (LGI) has declared a monthly distribution of $0.14941 per share, payable on October 22, 2024, to shareholders of record on October 11, 2024. The distribution is a result of the Fund's Managed Distribution Policy, authorized by its Board of Directors. The following table outlines the estimated sources of the distribution:

The Fund's distribution composition reflects its investment strategy, which aims to generate total return consisting of capital appreciation and current income. The Fund invests in a diversified portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, and may include investments in emerging markets. The Fund also invests in emerging market currencies and debt obligations.

The Fund's distribution policy impacts its share price and investor sentiment by providing a steady stream of income to shareholders. The managed distribution policy helps to balance the need for current income with the preservation of capital. The return of capital component, which accounts for 10% of the current distribution, may impact the Fund's long-term performance and shareholder value. However, it is essential to note that the amounts and sources of distributions are only estimates and may change based on tax regulations.

The Fund's distribution policy compares favorably to other total return and income funds in the market, offering a competitive annualized current distribution rate of 9.48% as of August 31, 2024. The Fund's cumulative total return for the fiscal year through August 31, 2024, was 10.97%, and cumulative fiscal year distributions as a percentage of NAV were 4.90%.

In conclusion, Lazard Global Total Return and Income Fund's monthly distribution and estimated sources of the distribution reflect its investment strategy and commitment to providing shareholders with a steady stream of income. The Fund's distribution policy balances the need for current income with the preservation of capital, making it an attractive option for investors seeking total return and income.